Airbus forecasts 1,100 new aircraft deliveries to airlines in Africa by 2040

Airbus forecasts 1,100 new aircraft deliveries to airlines in Africa by 2040

African airlines will require 1,100 new passenger and freight aircraft deliveries by 2040, according to the 2021 Airbus Global Market Forecast (GMF). This will bring the total fleet to 1,440 from a 2019 fleet baseline of 680 aircraft. During this period, the fleet in the region will transition to new generation types such as the…

Dashen Bank, National ID program partner to equip customers with digital ID

Dashen Bank, National ID program partner to equip customers with digital ID

Dashen Bank and National ID Program of Ethiopia signed an agreement on Friday to enable customers of the bank to get a digital ID. The agreement program on Friday was held at the headquarters of Dashen Bank. Asfaw Alemu, CEO of Dashen Bank said, “The absence of digital ID has retarded the growth of the…

Seven national organizations sign exclusive business partnership agreement with Ethio Telecom to distribute products, services

Seven national organizations sign exclusive business partnership agreement with Ethio Telecom to distribute products, services

Ethio Telecom has signed a business partnership agreement on Friday with seven national distributors which will exclusively distribute telecom products and services for the customers. Based on the signed agreement, these national distributors would exclusively engage in business areas such as telebirr services, mobile airtime top up, new SIM card sales, SIM card replacement services,…

ID Ethiopia, Safaricom PLC agree to work on national ID program

ID Ethiopia, Safaricom PLC agree to work on national ID program

ID Ethiopia has signed a Memorandum of Understanding (MoU) with Safaricom Telecommunications Ethiopia PLC to partner in the digitalization of the National ID program. The MoU discusses the setup of joint pilots for registration and eKYC integration. eKYC process includes ID card verification, face verification, document verification such as utility bills as proof of address,…

Ethiopia, Djibouti agree to build oil storage terminal

Ethiopia, Djibouti agree to build oil storage terminal

Ethiopia and Djibouti signed a Memorandum of Understanding (MoU) on Thursday to jointly build new oil storage terminal in Djibouti near the Damerjog Industrial Park. The agreement intends to foster a conducive environment for future joint development of oil storage terminals. The MoU was signed between Mamo Mihretu, CEO of Ethiopian Investment Holdings and Aboubaker…

Over 320 manufacturing industries curtailed operations

Over 320 manufacturing industries curtailed operations

Melaku Alebel, Minister of Industry said Wednesday that 322 manufacturing industries have curtailed operations due to various predicaments. Previously, 440 manufacturing industries were curtailed operations. “But, 118 companies were resumed productions,” Melaku said. Lack of finance, inputs, deficiency of infrastructure and poor quality, and shortage of foreign currency are among the problems the industries have…